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The Impact of Global Crisis on the Subsidies PAID to Retailers and Wholesalers in Eastern European and Central Asian Countries

Author

Listed:
  • Ayse Nilgun BALAS

    (The Bucharest University of Economic Studies)

  • Halil Dincer KAYA

    (The Bucharest University of Economic Studies)

Abstract

This study examines the impact of the 2008-2009 global crisis on subsidies paid to retailers and wholesalers. The results indicate that a significantly larger proportion of retailers received subsidies after the global crisis. Female ownership and top manager’s experience level did not matter in receiving significantly higher subsidies after the global crisis, but firm size, firm type, top manager’s gender, and whether or not the firm has an internationally recognized quality certification had made a difference in terms of subsidies received after the crisis. Our results indicate that a significantly larger proportion of wholesalers had received subsidies after the global crisis. While firm size did not matter for wholesalers, firm type, top manager’s gender and experience level, whether or not the firm has a female owner, and whether or not the firm has an internationally recognized quality certification made a difference in terms of subsidies received after the crisis.

Suggested Citation

  • Ayse Nilgun BALAS & Halil Dincer KAYA, 2019. "The Impact of Global Crisis on the Subsidies PAID to Retailers and Wholesalers in Eastern European and Central Asian Countries," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 20(1), pages 14-29, March.
    • Handle: RePEc:rom:rmcimn:v:20:y:2019:i:1:p:14-29
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    References listed on IDEAS

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    More about this item

    Keywords

    subsidy; subsidies; retailer; wholesaler; global crisis; Eastern Europe; Central Asia.;
    All these keywords.

    JEL classification:

    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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